We’re rolling out our latest TSN Conversations Unplugged Podcast to guide you through the process of upgrading a Class B or C RV and boat storage facility to Class A. You’ll learn from Roc Hughes of Janus International, Barry Sherman of S3 Partners and Wayne Brodrick of Rapid Building Solutions about the advantages of upgrading, how to do it best, costs, entitlement process and more.
President Amy Bix moderates this information-packed edition, peppering our experts panel with the following questions:
- How do you define a Class B/C facility and what are the benefits of converting it to Class A?
- Are there advantages to purchasing a B/C and upgrading to Class A vs building from the ground up?
- Can you talk us through what a feasibility study looks like if you own a Class B or C and want to upgrade to Class A?
- Can the upgrade costs be financed separately from the facility purchase? How does financing work for the current owner to upgrade?
- How does the entitlement process differ?
- After converting, what marketing strategies do you recommend?
- How does an upgrade impact rental rates?
- How does it impact technology and what do you recommend as far as security for Class A?
- What amenities do you feel are important to include in a Class A site?
- Is there a unit mix you recommend for upgrading?
- How do you service current clients while upgrading? Can you phase the projects?
- Are there times when upgrading to a Class A doesn’t make sense?
- Can you explain cost segregation tax strategies?